NY cotton limit up on USDA report, Chinese buying
By musiclover - Fri Oct 08, 5:28 pm
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Cotton futures were up their 4-cent limit
Friday at a fresh 15-year top on combined investment fund and Chinese mill
buying, with a U.S. government crop report further fueling the appetite of
market bulls, analysts said.
Fiber contracts were already rallying just before the U.S. Agriculture
Department handed out its keenly awaited monthly supply/demand report, and
futures then punched to new highs on the USDA cotton figures, they said.
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